TotalFinaElf - BP Amoco to increase production in Venezuela Jusepin Oil Field

Published December 4th, 2000 - 02:00 GMT

TotalFinaElf S.A. reported that has started a recuperation project at its Jusepin oil field in eastern Venezuela, the local paper El Universal reported Monday.  


The project, which involved an investment of $25 million, will allow an increase of production from 30.000 b/d currently to 40,000 barrels a day (b/d) within the next six months, Carlos Chavez a company official was quoted as saying.  


The recuperation project employs a technical solution that consists of injecting water and gas into the oil field to extract additional crude oil or gas. 


The French company has a 55 percent stake in the field and with BP Amoco the remaining 45 percent. 


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